EIH, Ethiopian Investment Holdings has signed a landmark agreement with a US private equity fund to develop a five - star hotel in the capital of the country Addis Ababa, sprawling city in the highlands bordering the Great Rift Valley, the nation’s commercial, cultural, artistic and financial hub, a centre that offers a unique blend of cultural experience, relevant historical sites, and natural beauty, making it a vibrant and engaging African city to explore.
This development was announced during the 17th US - Africa Business Summit which took place in Angola, a project that aims to strengthen Ethiopia’s hospitality sector and signals a broader push to attract foreign direct investment ahead of the country’s participation in the AfCFTA, the African Continental Free Trade Area set to begin in July 2025.
Ethiopian Investment Holdings established in December 2021 and based in Addis Ababa is Africa’s largest sovereign wealth fund, dedicated to advancing national development through the strategic management of public assets, enabling high - impact investments and cultivating transformative partnership that drive sustainable economic growth in Ethiopia.
EIH, as a catalyst for the country’s long - term prosperity, is committed to delivering value, transparency, and innovation across all sectors of the Ethiopian economy.
Ethiopian Investment Holdings’ latest move is part of a wider strategy to drive investment across key sectors including infrastructure, agriculture and technology.
Alongside the five - star hotel development, the company is working on major developments such as a new international airport capable of processing over 100 million passengers in collaboration with Ethiopian Airlines.
Reforms including liberalised currency policies and relaxed foreign ownership rules are designed to make Ethiopia more attractive to international investors and support its long - term economic growth, and undoubtedly EIH is a prominent company able to attract future international partners for the development of the country.